Week 1 Dow Theory Idea 4: MARI Week 1 Dow Theory Idea 4: MARI (Bullish/Long)
MARI continues to display bullish momentum, offering two distinct trade plans for investors to consider. Plan 1 has been executed, while Plan 2 presents an alternative entry opportunity for traders seeking to capitalize on the upward trend.
Plan 1:
Entry Point: Established at 1,717, this entry marks the initiation of a long position in alignment with the bullish sentiment observed in the chart.
Stop Loss: Positioned at 1,676, the stop loss serves to mitigate potential losses in the event of an adverse market reversal, preserving capital and managing risk effectively.
Take Profit (TP1): Targeted at 2,500, TP1 represents the initial profit-taking level, reflecting a significant upside potential in the bullish trend.
Plan 2:
Entry Point 2: Identified at 2,227, this entry offers an alternative opportunity for traders to enter the market, potentially capturing further gains as the bullish momentum continues.
Take Profit (TP2): Set at 2,622, TP2 represents a higher profit target, reflecting the anticipation of extended bullish movement in the price of MARI.
